Entrepreneurial Innovation and Export Diversification: Strategies for India's Global Trade Expansion
DOI:
https://doi.org/10.18034/ajtp.v5i3.692Keywords:
Entrepreneurship, Innovation, Export Diversification, Global Trade, India, Strategy, Economic Growth, Market Expansion, International Business, Sustainable DevelopmentAbstract
Indian global trade growth is driven by entrepreneurial innovation and export diversification, according to this report. The study analyzes India's export landscape, examines entrepreneurial innovation's impact on export growth, assesses export diversification challenges, and proposes policy strategies to boost India's global trade competitiveness. Secondary data sources such as academic publications, government reports, and industry analyses are reviewed for the methodology. Significant findings emphasize the importance of entrepreneurial innovation in export competitiveness, export diversification in reducing sectoral concentration risks, and a coherent policy framework that includes trade policy reform, export promotion initiatives, infrastructure development, innovation support, and regulatory reforms. Data availability, localization, policy coordination and implementation, and continual monitoring and assessment are policy implications. This report emphasizes innovation-led diversification for sustained growth and competitiveness in India's global trade expansion.
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Copyright (c) 2018 Sridhar Reddy Yerram, Aleena Varghese
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